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you can read more on cnbc.com, and it is entitled, china's credit crunch. sue? reuters did an examination of 50 of them and found a vast majority of them did not explain what the money would be invested in, actually. unbelievable. >> thanks, michelle. a story that will continue to unfold. we appreciate it. ty, over to you. >> sue, the real estate market is on the come back in the united states. the market specifically for $10 million plus homes has more than doubled in some elite communities. our wealth editor robert frank has a very good job. with the look at the top three zip codes in the nation with the sales of mega mansions. i can't wait to hear. >> i call it the return of the eight-digit home. the sales of homes for 10 million or more. took a breather in the crisis, but they're back. a report from caldwell banker says sales of eight-digit homes have doubled in miami and other hot markets. beverly hills, ranked first in the country with 19 sold over the past year. one of those deals was a home on rocks bury drive. we see it here, sold for $14 million. list
you can read more on cnbc.com, and it is entitled, china's credit crunch. sue? reuters did an examination of 50 of them and found a vast majority of them did not explain what the money would be invested in, actually. unbelievable. >> thanks, michelle. a story that will continue to unfold. we appreciate it. ty, over to you. >> sue, the real estate market is on the come back in the united states. the market specifically for $10 million plus homes has more than doubled in some elite...
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Dec 19, 2012
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the market are trying to build in higher interest rates, growth in china, europe has itself under control in america is about to. they are the leaders right now. liz: are we at $90?f course thet session. >> we are right there, but i will stick with my gun and say what we said last year. i am a buyer at 85, that is supply and demand thing. with the market the way we are at the end of the year, low volume tends to get in the way. i think financials getting spiked over the year, more of a rally tomorrow but i will stick with my gun, don't think you'll miss the move if you don't get in here at the dollars going forward. i am a buyer at 85, a seller at 90. liz: more than $0.50 away. when we started we were $0.03 away. >> it is a lot easier than it looks, good luck selling $90. liz: $89.51 at the moment. thanks to everybody on the floor show. we'll watch the market so carefully but when you pick apart individual stories the one that has captured the attention of this nation today in a very big way is the facebook instagram story. dollar signs dancing is now turned blurry after a massive pr miss
the market are trying to build in higher interest rates, growth in china, europe has itself under control in america is about to. they are the leaders right now. liz: are we at $90?f course thet session. >> we are right there, but i will stick with my gun and say what we said last year. i am a buyer at 85, that is supply and demand thing. with the market the way we are at the end of the year, low volume tends to get in the way. i think financials getting spiked over the year, more of a...
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Dec 19, 2012
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gone bust in china. here's the details. a group of investors in shanghai lost the equivalent of $22.5 million that they thought was going to pay them 11% interest in only one year. their money was supposedly invested in a pawn shop, two car dealerships and entertainment ven urg. these investors were supposed to get their principal and whopping interest payment in november. instead, they got zero and started protesting in front of the bank for days. the situation is raising alarms with regulators over there because these wealth management products, wmps as they are nope, are so widespread. more than $2 trillion worth in the chinese bank is system. that's equal to 14% of all deposits in chinach the chinese buy them because they pay way more in interest than cds and savings account. analyst are worried that this failure is tip of the iceberg, more on the way possibly leading to a credit crisis. they also worry because of these headlines investors will stop buying them outright, and some of them are actually good. yes, these pr
gone bust in china. here's the details. a group of investors in shanghai lost the equivalent of $22.5 million that they thought was going to pay them 11% interest in only one year. their money was supposedly invested in a pawn shop, two car dealerships and entertainment ven urg. these investors were supposed to get their principal and whopping interest payment in november. instead, they got zero and started protesting in front of the bank for days. the situation is raising alarms with...
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Dec 19, 2012
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the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s. officials welcomed a high-level chinese delegation for trade and economic talks. the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is mo
the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed...
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Dec 19, 2012
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they're number three behind canada and china, about $460 billion a year. so lot of levers we can use here. of that $460 billion, a huge amount is tourism. is it really worth them sort of gaining this venal corrupt image with this violence. do they want o pay the millions and millions, possibly hundreds of millions in lost tourism just so they can do whatever it is that the corrupt local government is doing to this? >> steve: one of the things is this guy is being charged with is he brought into the country of mexico a gun used by the military, ammunition used by the military as well. you know what? that is flat out not true. this is a case that is so easy to dismiss and yet, we're five days away from christmas and that guy is sitting down there. >> brian: it takes some high ranking person in the state department to pick up the phone and say, get him out of there. >> steve: how about the president? they've got cable in the white house. they're watching fox news channel. that would be great for that family if he -- >> brian: even they get satellite dish. eve
they're number three behind canada and china, about $460 billion a year. so lot of levers we can use here. of that $460 billion, a huge amount is tourism. is it really worth them sort of gaining this venal corrupt image with this violence. do they want o pay the millions and millions, possibly hundreds of millions in lost tourism just so they can do whatever it is that the corrupt local government is doing to this? >> steve: one of the things is this guy is being charged with is he...
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china comes to america. we want to know that we are taking your calls in this segment as we talk about this in sourcing boom -- in-sourcing doane. -- this in-sourcing boom. the numbers are on the screen. take us to what is happening in china in this second story. guest: the story focuses on what the elements are there: jobs back to the united states. jim fallon has reported -- that are pulling jobs back to the united states. jim bolon has report on jobs for a number of years. about five years ago in the summer of 2007, he did a big piece on an outsourcing firm. he focuses on the head of that, a guy named liam casey. he talked about what jobs are going over there in such massive scale. and he focused on the scale of the operation over there. he went to the foxconn plants. it has been in the news lately because of labor malpractice. they produce a lot of our products and a lot of other products. there are a number of factors in china. one is, wage pressure, particularly on the coast as the cost of living in ch
china comes to america. we want to know that we are taking your calls in this segment as we talk about this in sourcing boom -- in-sourcing doane. -- this in-sourcing boom. the numbers are on the screen. take us to what is happening in china in this second story. guest: the story focuses on what the elements are there: jobs back to the united states. jim fallon has reported -- that are pulling jobs back to the united states. jim bolon has report on jobs for a number of years. about five years...
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Dec 19, 2012
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i think growth in china's accelera accelerating. the stock market might be the most undervalued in the world. the stock market entirely could be under valued. how many short sellers told you to do the opposite and sell that market? after the steam roller it's been of late, what exactly are the short sellers saying now? i don't know, i'm not hearing them clearly. i'm not listening. i'm not, no, i'm not hearing. europe and china both were supposed to slip into oblivion in 2012. that was the easiest story, everybody wrote it. turned out two fabulous places to invest. how about this housing market? most common worry, the dreaded shadow inventory. oh, the shadow inventory. >> the house of pain. >> so many banks and so many homes said the books could never recover. wasn't that the narrative? now, where are we? the shadow inventory turned out. the banks that were thought to be a ton of shadow inventory in the books, i hope they have some because they've been the hottest stocks around. especially bank of america, up more than 100% for the y
i think growth in china's accelera accelerating. the stock market might be the most undervalued in the world. the stock market entirely could be under valued. how many short sellers told you to do the opposite and sell that market? after the steam roller it's been of late, what exactly are the short sellers saying now? i don't know, i'm not hearing them clearly. i'm not listening. i'm not, no, i'm not hearing. europe and china both were supposed to slip into oblivion in 2012. that was the...
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and china relationship. for quite some time, the leaders of both countries have been committed to greater engagement with each other. really working very hard at developing a constructive, mutually beneficial relationship. one with operation. the reason is that so much of the world's economy is in the asia pacific arena. almost 60% of the world's gdp is in the asia pacific region. we are so economically intertwined at two countries. china is america's number two exporting destination. number one outside of north america. it is our agricultural number one export destination. we used to go back and forth between canada, but now it is china. his current year's agricultural exports are 40% higher than they were a year ago. exports of goods and services are 50% higher and have grown by 50% interest last two years, which is almost double the rate of exports to the west. millions depend on exports of chinese made products to the united states. and so we have to figure out how we can get along, not only because of o
and china relationship. for quite some time, the leaders of both countries have been committed to greater engagement with each other. really working very hard at developing a constructive, mutually beneficial relationship. one with operation. the reason is that so much of the world's economy is in the asia pacific arena. almost 60% of the world's gdp is in the asia pacific region. we are so economically intertwined at two countries. china is america's number two exporting destination. number...
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Dec 19, 2012
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partners such as singapore and the philippines and expanding our dialogue and -- in exchanges with china. we are also an handed our presence and capabilities in the region. that includes -- expanding our presence and capabilities in the region. that includes allocating our naval fleet to have a 60/40 s plit between the pacific and atlantic oceans, increasing army and marine presence in the region. locating our most advanced aircraft in the pacific, including new deployments of f- 22's and the mv22's to japan. and lay the groundwork for the first overseas deployment of the f-35 joint strike fighter. the third element of our strategy is that as we do force projection in the asia-pacific and middle east, we still have to maintain our global leadership and presence by building innovative partnerships and partner capacity across the globe and using these innovative rotational deployment as a way to do exercises and training with other countries, developing their capabilities so they can provide for their own security. in latin america, africa, europe, and elsewhere. the past decade of war has
partners such as singapore and the philippines and expanding our dialogue and -- in exchanges with china. we are also an handed our presence and capabilities in the region. that includes -- expanding our presence and capabilities in the region. that includes allocating our naval fleet to have a 60/40 s plit between the pacific and atlantic oceans, increasing army and marine presence in the region. locating our most advanced aircraft in the pacific, including new deployments of f- 22's and the...
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in china, people are actually selling their possessions. and the weirdest part is they're not selling them to us for a change. one chinese man even designed a survival pod. this is one of the pods, they're made of steel and fiberglass. they have oxygen tanks and rations on the inside. the inventor says they can hold 14 people comfortably or roughly three american people comfortably. [ laughter ] you can even ram it with a trick if you choose to. didn't one of those kill luke skywalker? you buy one of these pods, you might survive the end of the world. but since it is made in china, you will also die of lead poisoning. we have quite the program tonight. we have muse africa grammy nominee ed sheeran. [ cheers and applause ] his debut album went twofold platinum in the uk. samuel l. jackson and the cast of "jersey shore" are back today. [ cheers and applause ] i think they're here to promote their new movie "snooki's on a plane." i hope you can read lips, because most of tonight's show will be bleeped. nothing but jaeger bombs and "f" bombs. i
in china, people are actually selling their possessions. and the weirdest part is they're not selling them to us for a change. one chinese man even designed a survival pod. this is one of the pods, they're made of steel and fiberglass. they have oxygen tanks and rations on the inside. the inventor says they can hold 14 people comfortably or roughly three american people comfortably. [ laughter ] you can even ram it with a trick if you choose to. didn't one of those kill luke skywalker? you buy...
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Dec 20, 2012
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it's been a great pleasure to serve a thoughtless member denigrate china. i want to pass my congratulations on to them, to wish everyone a merry christmas. and jason ault meyer. i forgot my friend jason also. he was on and then off and then back on. he did serve. we appreciate his service. i wish everyone a merry christmas. we can go on and on. anyway, we may have to get a whole list to read. anyway, merry christmas, we are adjourned. [inaudible conversations] [inaudible conversations] samaj [inaudible conversations] [inaudible conversations] [inaudible conversations] >> if you work for them, he did sometimes generous, sometimes overbearing, sometimes almost cool boss who didn't to apologize, which meant of his age and class, you know, they're not going to apologize for a young private secretary typist and he had a way of turning the tables and his version of an apology would be to say and the kind man and you're doing a very good job today. but the issue was never settled. he always had to get the last word in. one night going through whitehall, he shouldn
it's been a great pleasure to serve a thoughtless member denigrate china. i want to pass my congratulations on to them, to wish everyone a merry christmas. and jason ault meyer. i forgot my friend jason also. he was on and then off and then back on. he did serve. we appreciate his service. i wish everyone a merry christmas. we can go on and on. anyway, we may have to get a whole list to read. anyway, merry christmas, we are adjourned. [inaudible conversations] [inaudible conversations] samaj...
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they're looking to give countries like china and russ a way out of enfoing theanctions. right now the world is prettynited against ira if tngs chge down the road they don't want to be on record saying they have a bomb program. they would rather give this excuse to countries that may want it oppose us on further imposition of sanctions. melissa: michael, thanks for coming on the show. >> my pleasure. thank you. >> more breaking news on knight cam tall. adam shapiro with the latest on that. adam? hey, adam. melissa: adam turning the channel on us. we'll go back to him when we have the news. turning natural gas to liquid gold? a brand new plan to turn our surplus of natural gas into clean-burning diesel. details on that breakthrough ming u next. >>> an urban success story. irving, texas, makes it rain while other cities are going broke the mayor is here to share what they are doing right. she also has some advice for the federal government. clearly they need it. i can't wait for this. "piles of money" and good sense coming up. ♪ . melissa: a now for multibillion-dollar be
they're looking to give countries like china and russ a way out of enfoing theanctions. right now the world is prettynited against ira if tngs chge down the road they don't want to be on record saying they have a bomb program. they would rather give this excuse to countries that may want it oppose us on further imposition of sanctions. melissa: michael, thanks for coming on the show. >> my pleasure. thank you. >> more breaking news on knight cam tall. adam shapiro with the latest on...
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china coming back. gm rationalizing europe. >> gm europe, when you say a couple quarters behind ford, are you saying progress in the quarterly financials? >> committed to rationalizing europe. >> again, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through their stories, and you say, not only did they not extend themselves during this downturn, they conserved a lot of cash. by the way, humans did, too, in america. have you seen the numbers that the federal reserve put out last night about how much money is being -- how little debt is being taken down by citizens. we're back to levels of the '90s. federal household debt service came out last night. the percentage of disposable income is 14%, down to 10%. that's 1994 levels. >> that's a big part of morgan stanley's call on citi today. from over
china coming back. gm rationalizing europe. >> gm europe, when you say a couple quarters behind ford, are you saying progress in the quarterly financials? >> committed to rationalizing europe. >> again, a larger theme of excess capitalization at u.s. corporations, and the fact that so much money is sitting on balance sheets doing nothing. >> did you read oracle? how much money do they have. they bought back 10 billion worth of stock. these companies, you read through...
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Dec 19, 2012
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partners such as singapore and the philippines, and expanding our mil-to-mil dialogue and exchanges with china. we are also enhancing our presence and capabilities in the region. that includes reality the naval fleet -- reallocating the naval fleet to achieve a 60-40 split between the pacific and atlantic oceans. hopefully will do that by 2020. increasing army and marine presence in the region, after iraq and afghanistan. locating our most advanced aircraft in the pacific, including the deployment of f-22's and the in the 22 ospreys in japan. and laying the groundwork for the first overseas deployment of the f-35 joint strike fighter in 2017. the third element of our strategy is that as we do force projection in the asia-pacific and in the middle east, we still have to maintain our global leadership and presence. i building innovative partnerships and partner capacity across the globe, and using these innovative rotational deployments as a way to do exercises and training with other countries, developing their capabilities so they can help provide for their own security. in latin america, in a
partners such as singapore and the philippines, and expanding our mil-to-mil dialogue and exchanges with china. we are also enhancing our presence and capabilities in the region. that includes reality the naval fleet -- reallocating the naval fleet to achieve a 60-40 split between the pacific and atlantic oceans. hopefully will do that by 2020. increasing army and marine presence in the region, after iraq and afghanistan. locating our most advanced aircraft in the pacific, including the...
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we face the same issues with a competitive ship to economic power to china and the like. we have to educate our children better. we're doing the things. i think the issues we take on entitlement reform and education reform, these are the things that the u.s. congress and administration have to tackle in the next year on or so. >> what about europe? will the euro zone up stick together and will the uk start part of the union? david cameron said in the last couple of days there may need fob a referendum on that. >> the euro zone will stick together. they made a decision through this year. they made a decision to keep themselves together, and britain be want to be a fully fledged member of the european union and not of the euro zone. we don't have to merge our kurn stee, we don't have to american our budget policies, we don't have to do all the things they need to do to make their currency work. by the way, alexander hamilton taught us all you need to do to make single currency work a couple years ago. >> here's a point of view from the upcoming issue of the new york magazin
we face the same issues with a competitive ship to economic power to china and the like. we have to educate our children better. we're doing the things. i think the issues we take on entitlement reform and education reform, these are the things that the u.s. congress and administration have to tackle in the next year on or so. >> what about europe? will the euro zone up stick together and will the uk start part of the union? david cameron said in the last couple of days there may need fob...
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the problem is in countries like china and india, mexico, and other places? nonetheless, how many people in this body know that this president has done through his executive powers, he spent $68.4 billion on global warming initiatives in the four years he's been president. that is without any authority from this body. nonetheless, he's got more in this. here we have this somewhere down here in the red, we have that. here's another one, $150 million. i was listening to my good friend, senator begich, from alaska. i have a great deal of respect for him. he and i have worked on legislation together like the pilots' bill of rights and others. nonetheless fisheries in alaska are significant but they were not on the east coast. the last time i looked at a map, that was on the west coast. not the east coast. it should not be in here. then we go on to the fiscal cliff. we're all here. put the other chart up on the fiscal cliff. we're talking about this fiscal cliff that's here. all of a sudden we have to do something about it. how many people realize that we knew thi
the problem is in countries like china and india, mexico, and other places? nonetheless, how many people in this body know that this president has done through his executive powers, he spent $68.4 billion on global warming initiatives in the four years he's been president. that is without any authority from this body. nonetheless, he's got more in this. here we have this somewhere down here in the red, we have that. here's another one, $150 million. i was listening to my good friend, senator...
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china comes to america. both can be found at theatlantic.com. thanks for joining us. we will take you live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., december 19, 2012. i hereby appoint the honorable daniel webster to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: the chair will receive a message. the messenger: mr. speaker, a message from the senate. the secretary: mr. speaker. the speaker pro tempore: madam secretary. the secretary: i have been directed by the senate to inform the house that the senate has agreed to s. res. 624, relative to the death of the honorable daniel k. inouye, senator from the state of ohio. -- hawaii. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recog
china comes to america. both can be found at theatlantic.com. thanks for joining us. we will take you live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., december 19, 2012. i hereby appoint the honorable daniel webster to act as speaker pro...